AfCFTA: Need for integrating the African Continental Infrastructure Framework

The recent ratification of the African Continental Free Trade Area (AfCFTA) has created a promising environment for economic integration of major African markets with the smaller markets and enhance competitiveness at the industry and enterprise level by exploiting opportunities for scale production, continental market access and better reallocation of resources. The eventual implementation of AfCFTA…

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Construction of Sahofika hydroelectric plant in Madagascar to begin in December

Construction of Sahofika hydroelectric plant in Madagascar to begin in December. This is after a framework agreement was signed between the Madagascan authorities and the New Onive Hydroelectric Energy Consortium, composed of Eiffage, Eranove and Themiscompanies towards the development. The hydroelectric project will be situated near Tananarive, the capital of Madagascar. The consortium was chosen for the study, financing,…

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Construction of 40 MW Malindi solar photovoltaic project in Kenya begins

Construction of 40 MW Malindi solar photovoltaic project in Kenya has commenced. Globeleq, project developers and Africa’s leading independent power producer announced the reports. The project which is located about 120 km Northeast of Mombasa recently reached a financial close of US $66m. The British government’s development finance agency will contribute US $50m while its partner, Globeleq,…

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Construction of US $34m Sidi Ifni desalination plant in Morocco to begin

The Moroccan authorities has announced that construction of Sidi Ifni desalination plant is set to begin following German development agency, Kreditanstalt für Wiederaufbau (KfW)granting US $34m loan for the construction. The loan agreement was signed in March 2019, but the Moroccan authorities only very recently announced it in the official gazette. The funds will see construction…

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